Students receiving their high school diplomas has increased dramatically over the last forty years mirroring the increased cost college. College affordability has become an issue for students from lower income and working class families. (Insert citation) Data retrieved from The College …show more content…
While most research suggests that college students who devote a majority of their time to studying and their campus communitity are likely to prospers (Pascarella & Terenzini, 2005; Tinto, 2012), the unfortunate reality is that many low-income college students make financial decisions which compromise their ability to remain deeply connected to their institutions. In a large national study, King (2002) found that low-income freshmen were far less likely to study full compared with middle-and upper-income freshmen across all institutional types. It was also (King, 2002) discovered that low-income students were more likely to borrow and accrue more debt than their middle/upper-income peers. The increased debt burdens become problematic because low-income students are drastically less likely to earn a degree than their middle/upper-income peers leading to a less successful career or inability to attain wealth due to financial strain (King, …show more content…
Large amounts of undergraduate debt often prevent students from purchasing homes, having children or leaving their parents’ homes after graduation (Simpson, Smith, Taylor, and Chadd, 2012). The cost of higher education significantly impacts low-income students during and after their matriculation especially if students leave college before attaining an educational (Gladieux & Perna,